PSYC 220 Lecture Notes - Lecture 15: Texas Sharpshooter Fallacy, Risk Aversion, Utility
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2 systems for thinking (answers come instantaneously when you see a picture & guess the emotion, an equation takes longer: system 1 (fast) The law of least effort: range of processes. Maintaining a faster than normal walking speed. Checking the validity of a logical argument. The availability heuristic: our estimates of how often things occur or are influences by the ease with which relevant examples can be remembered, this leads to a number of biases. Which was a more likely cause of death in 2015:being killed by taking a selfie or being killed by a shark: selfie. Do more americans die from asthma or tornadoes: asthma, important factors affecting saliency, factors that effects the ease of remembering until after the full moon, repetition, ex. Gardening & the full moon (certain crops you don(cid:495)t plant things ;2 groups; predict how much happy events you(cid:495)ll have in the future; happy group had more happy events)
